Linkhome Holdings Inc. (NASDAQ:LHAI – Get Free Report) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 294,923 shares, a decrease of 45.4% from the September 15th total of 539,891 shares. Based on an average trading volume of 215,622 shares, the short-interest ratio is currently 1.4 days. Currently, 2.6% of the company’s shares are short sold.
Linkhome Stock Down 2.2%
LHAI stock traded down $0.02 during midday trading on Friday, hitting $0.85. The company’s stock had a trading volume of 599,436 shares, compared to its average volume of 3,265,649. Linkhome has a 52-week low of $0.53 and a 52-week high of $15.66. The firm has a market capitalization of $14.05 million, a P/E ratio of -28.33 and a beta of -0.07. The firm has a 50-day simple moving average of $0.98 and a 200-day simple moving average of $1.01.
Linkhome (NASDAQ:LHAI – Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($0.01) EPS for the quarter. Linkhome had a negative return on equity of 7.86% and a negative net margin of 2.83%. The business had revenue of $5.41 million during the quarter.
Analysts Set New Price Targets
A number of brokerages have issued reports on LHAI. Weiss Ratings upgraded shares of Linkhome from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, August 3rd. Wall Street Zen raised shares of Linkhome to a “sell” rating in a research report on Saturday, September 19th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company has an average rating of “Sell”.
Check Out Our Latest Research Report on Linkhome
Insider Transactions at Linkhome
In related news, CEO Zhen Qin sold 625,000 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $0.80, for a total transaction of $500,000.00. Following the completion of the transaction, the chief executive officer directly owned 3,820,000 shares in the company, valued at $3,056,000. This trade represents a 14.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 31.24% of the company’s stock.
About Linkhome
Linkhome Holdings Inc is a China-based real estate services company that operates through the Linkhome brand. The company focuses on housing rental and related property services, serving as an intermediary between property owners and tenants.
Its business activities include real estate brokerage, rental management, and property management services. Linkhome’s offerings are designed to support the leasing and administration of residential properties, including assistance with tenant placement and ongoing property-related services.
The company’s operations are concentrated in China.
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